Rental supply is extremely tight while prices are accelerating. This structural imbalance favours continued growth.
VERDICT
BUY
Supply Constrained Growth
DEMAND
55 buyers/listing
Strong↑
LIQUIDITY
47d DOM
Weak↓
AFFORDABILITY
13.1% vs 5yr
Neutral→
GROWTH OUTLOOK
Good
Strong↑
YIELD
5.6%
Strong↑
SUPPLY PRESSURE
0.5% vacancy
Strong↑
#25/60GoodStructure 90Room to run$550K
Atlaso rates New Norfolk houses as BUY for capital growth. Vacancy is extremely tight at 0.5%, well below the 2.5% equilibrium. 66% of BUY-rated suburbs grew more than 8% in our validated testing.
At $550K, New Norfolk ranks #25 of 60 houses in Hobart. The long-term structural outlook is Good. Prices grew 19.1% over the past year, showing strong momentum.
OPPORTUNITY ENGINE
Structural opportunity remains selective at this price level.
5 stronger-positioned houses identified in Hobart.
New Norfolk is growing at 19.1% annually with no signs of slowing. Vacancy remains tight and the suburb has not yet reached its affordability ceiling relative to Hobart.
STALL RISK16%
Suburb Profile
New Norfolk at a Glance
SEIFA Index
1/10
Most disadvantaged
Household Income
$1,197/wk
Median household
Median Age
42
Years
Mortgage Stress
23%
of income
Population Growth
+2.1%
vs state +1.5%
Ownership Mix
31.3%owned37.7%mortgage26.1%renting
Demographic Trends
New Norfolk Over Time
Median Household Income (Census)
Population Growth Rate (Census)
Dwelling Composition (Census)
Rental Yield History
Census data: ABS. Yield series: weekly market data.
Full New Norfolk Analysis
Access the full structural analysis, fair value estimate, bedroom-level pricing, and supply intelligence.
3-Year Structural OutlookStrong
Conviction LevelHigh
Fair Value GapX.X% undervalued
3-Bed House Price$X,XXX,XXX
Gross YieldX.X%
Weekly Rent$XXX
SEIFA DecileX/10
Building ApprovalsXX dwellings
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Atlaso rates New Norfolk as BUY confidence for capital growth. In our out-of-sample testing, 90% of our STRONG BUY suburbs grew more than 8% annually. Our model analyses price trends, volume, demographics, and market conditions across New Norfolk and 46 Australian cities to generate this rating.
What is the median house price in New Norfolk?
The current median house price in New Norfolk, tas is $550K, with annual growth of +14.5%. Properties sell in approximately 47 days.
How fast do properties sell in New Norfolk?
Properties in New Norfolk sell in 47 days on average. The market is currently rated Good. This is slower than average, which may present opportunities for negotiation.
What is the growth outlook for New Norfolk?
Atlaso's model analyses 23 structural signals including price history, volume trends, yields, and vacancy to rate New Norfolk's growth potential. The model predicts whether a suburb is likely to outperform, not by how much. Our ratings have been validated across 46 Australian cities, with 90% of top-rated suburbs growing more than 8% a year.
What is the rental yield in New Norfolk?
The gross rental yield for houses in New Norfolk is 5.6%. This is above the national average, making it attractive for yield-focused investors.
Important: Atlaso provides general research information only and does not constitute personal financial advice, property advice, or a recommendation to buy, sell, or hold any property. Suburb scores, growth ratings, rental yield estimates, and market signals are based on quantitative models using historical data. They are not guarantees of future performance. Property values can fall as well as rise. You should seek independent licensed financial and property advice before making any investment decision. Atlaso Pty Ltd (ABN 84 696 036 469) is not a licensed financial adviser and does not hold an Australian Financial Services Licence (AFSL).